Business Standard

Escorts surges 5% as tractor sales grow 80% YoY in August

The company's management remains optimistic for the coming festive months



SI Reporter Mumbai
Shares of Escorts gained 5 per cent to Rs 1,143 on the BSE on Tuesday after the company reported a strong 80.1 per cent year-on-year (YoY) jump in tractor sales in the month of August, 2020.

The company’s Agri Machinery Segment (EAM) sold 7,268 tractors, its highest-ever August sales. It had sold 4,035 tractors in August 2019. On month-on-month (MoM) basis, the volume was up 36.6 per cent, Escorts said in a statement.

The market sentiment continues to be highly positive with good monsoons, better Kharif sowing, crop prices holding up well and good supply of retail finance, it said.

The management remains

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Sep 01 2020 | 9:45 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to